Airbus To Cut 15,000 Jobs Over COVID-19 Pandemic

The video discusses the impact of the COVID-19 pandemic on Airbus, which plans to cut jobs across several countries, primarily in France and Germany, due to a significant drop in its commercial aircraft business. The CEO of Airbus describes the pandemic as the gravest crisis the industry has faced, with air travel not expected to return to pre-pandemic levels until 2023 or 2025. Airbus's rival, Boeing, is also reducing its workforce in response to the pandemic.

What new insight or understanding did you gain from this video?